Alternergy issued the mandate to BPI Capital Corp., RCBC Capital Corp. and SB Capital Investment Corp. after a competitive process.
Alternergy won the Tanay and Alabat wind projects with a capacity of up to 164 MW under the Department of Energy’s Green Energy Auction Program 2 held in July. The projects are expected to be completed by 2025. Alternergy established a strong track record of completing renewable power projects through project financing schemes since 2014.
He said Alternergy and the three investment banks, as lead arrangers, are eager to proceed with the transaction to target financial closing by the end of the year.
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